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Earnings Call Transcript

Pidilite Industries Earnings Call Transcript: Key Takeaways

Standalone revenue rose 21.7% to under ₹4,000 Cr on 10.7% UVG, but EBITDA margin fell 430bps to 20.4% on input cost inflation.

Highlights
Revenue growthStandalone +21.7% YoY nominal; UVG 10.7%, broad-based.
MarginsEBITDA 20.4%, down 430bps YoY; H2 guided upper end of 20–24%.
Demand visibilityDemand robust; urban uptick, rural steady; West Asia exports underperforming.
Management confidenceBalanced; confident on H2 margins, cautious on macro and crude.

Growth

Standalone revenue +21.7% nominal; UVG 10.7%, broad-based. International subs +21.8%, domestic subs +22.2%.

Outlook

H2 EBITDA margin guided within 20–24%, upper end; further 3–5% price hikes in select areas. No revenue guidance.

Risks

VAM/crude inflation, West Asia export underperformance, El Nino, possible conflict escalation; Q2 gross margin down 720bps.

Source

Earnings Call Transcript filed with BSE, NSE: PIDILITIND. Summary written with AI assistance from the document.

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Pidilite Industries Ltd: key numbers

Share price
₹1,574.40
Market cap
₹1,60,359 Cr
Revenue (annual)
₹14,601 Cr
Net profit (annual)
₹2,449 Cr
P/E (TTM)
59.7×Sector 35.5×
Promoter holding
69.18%-0.06% QoQ
FII holding
12.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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